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Apple Might Buy Netflix: Citi
03 January 2018, 01:09 | Camille Rivera
Apple Might Buy Netflix: Citi
"The firm has too much cash - almost $250 billion (roughly Rs. 15.9 lakh crores) - growing at $50 billion (roughly Rs. 3.18 lakh crores) a year. This is a good problem to have", Business Insider quoted Suva and Merchant as saying. The company has roughly $250 billion locked in foreign markets, but the newly passed Trump tax plan enables businesses to make a one-time repatriation of overseas funds, which would give the company more than enough to fund the merger.
Not only that, but the opportunity to repatriate money held in offshore accounts without paying a bunch of extra taxes means that Apple can bring the cash necessary for the purchase back into the States. There are 40% chances that Apple will acquire Netflix according to CiTI analysts Jim Suva and Asiya Merchant. Acquiring Netflix will also allow Apple to get a large base of original content.
So, why exactly do analysts think that Apple will buy Netflix instead of some other profitable company?
Along with the cut, the companies are allowed once repatriate cash that is stored overseas and that too without any major tax hit. If the transaction is successful, this would make the iPhone maker the undisputed dominant force in the streaming business; a huge jump from its current position.
The Citi note was written before the announcement made by Disney of its deal of $52 billion to buy 21 Century Fox.
If Apple purchases Netflix, it would certainly help to establish the company's image as a leading provider of streaming TV and movie services. Let us know below.
Apple (NASDAQ: AAPL) has been struggling from many years to offer compelling video contents to viewers.
The purchase would tightly integrate the Netflix platform with Apple TV-much like with Amazon Prime and Amazon's Fire digital media players-but it's little more than speculation at this point. The acquisition would also align with its recent content creation efforts.
iTunes is said to have lost some of its subscribers to subscription services like Netflix, Hulu, and Amazon for their favorite shows.
It was reported previous year that it planned to rent California's Culver Studios for the shooting of original TV shows and movies, as it has plans to invest up to $1 billion in TV and movie productions.
Protect your pipes as temperatures drop
If pipes do freeze and the customer can locate the frozen area, use a hair dryer or heat tape to thaw the area. Do not blowtorch, or use kerosene or propane heater, or charcoal stove or any other open flame device.
Mariah Carey returns to Times Square
In a 2014 Instagram post, Tanaka gushed about the singer, saying, 'She has always supported me and been so kind'. Ryan is the host of television's largest live broadcast New Year's celebration.